Saconix International and Müller LogServ Announcement

Saconix International and Müller LogServ Announce Northern European Sulfur Import Terminal

Frankfurt, Germany - Saconix International GmbH, Germany, a wholly-owned subsidiary of Saconix LLC, The United States and LogServ Logistic Services GmbH & Co. KG Brake, Germany, a wholly-owned subsidiary of J. Müller AG, Germany (together as, the “Sponsors”) announced today that they intend to develop and construct a newly designed and re-configured Sulfur Import Terminal at the Port of Brake, Germany (the “Terminal”). The project includes sulfur storage and a sulfur re-melting facility with a nameplate capacity of up to 200,000 metric tons annually in a first phase. The Terminal will serve as a primary Northern European point of entry for imported solid sulfur sourced globally.

The Terminal will have the ability to receive solid sulfur, store solid sulfur, melt solid sulfur and produce high-grade molten sulfur which will be stored in dedicated molten sulfur tanks. Logistically, the Terminal will be accessible by rail, truck and barge and will have the ability to handle, store, load and unload sea going vessels from its port location. Molten sulfur will be available for delivery to dedicated customers of the Terminal. The facility is expected to be fully operational in early 2021.

The Terminal remains subject to certain conditions including final investment decisions by the Sponsors which is expected prior to year-end 2019.

For additional information please contact:

Saconix International GmbH
Mr. Peter Kohler
Managing Director
+41 (0)79 823 7835
peter.kohler@saconix.com

or

LogServ Logistic Services GmbH & Co. KG
Mr. Hans-Joachim Neuber
Managing Director
+49 4401 98901-12
neuber@logserv-brake.de